2nd ROUND CONTESTANTS

Courts attempt justice by awarding money judgments but they don’t actually MAKE debtors pay. And the sad reality is that 80% are never paid. In Maryland alone, 1 million judgments exceeding $3.5 Billion are unpaid. Nationwide, over a trillion dollars in judgments are unpaid despite powerful legal remedies including bank and wage garnishments and liening and levying judgment debtors’ property. It’s astounding! But it’s a huge market opportunity. Historically served by attorneys and collection agencies that essentially beg debtors for voluntary payments, the results speak for themselves. 80% never receive justice.

In 2001, Susan Wilson pioneered the business of professional judgment enforcement with the Maryland Judiciary and went on to self-fund what has evolved into The Judgment Group. Essentially serving as the final step in the process of justice, we get judgments paid. A serial entrepreneur, Susan was a founding member and 2nd in command at liveprint.com – which was sold to the copy giant Kinko’s in 2000. A Certified Public Accountant with a business degree from Georgetown University, Susan also ran a law firm and held various financial management positions within Marriott – making her uniquely qualified to execute on the billion dollar judgment market.

The Judgment Group’s proprietary system leverages advances in personal information and technology to harness the power of the legal system and get judgments paid. Targeted direct mailers are sent to those with unpaid judgments and 23% convert to clients. In compliance with all laws, we electronically locate where debtors bank, work and own property. Based on existing operations and data providers, we’re recovering on 10% of our judgments. But since most judgments are renewable and accrue interest that number only increases over time as more data becomes available. Sometime in the next 50 years most debtors will improve financially and our system ensures we’ll be ready and waiting to get our judgments paid with interest. And justice served! After locating assets, we prepare and file the legal forms to garnish, lien and levy debtor assets.

As required by law, courts, banks and employers seize and turnover debtor funds to us. With over $1Million successfully recovered through our proprietary solution, we’ve proven the demand, effectiveness and profitability of our unique business model. We do all the work and we pay all the costs. Then we send the original creditor 50% of the recovery proceeds. It’s not rocket science, but it is changing the world for the better. Many companies use data to anticipate trends they hope to eventually convert into sales. We enforce court-ordered money judgments so we literally turn data into cash. Far from simple debt collecting asking for voluntary payments, enforcing court-ordered judgments is like printing money.

While we currently rely on costly 3rd party data providers, we’d use the $100,000 in winnings to build a proprietary engine that scours the Internet, crawling sites like Linkedin, MySpace, and match.com to legally locate where our debtors bank, work and own property making it faster, cheaper and easier than ever before to ensure justice for all.